Rio Tinto in Talks to Buy Riversdale Mining, Telegraph Says
Rio Tinto Plc is in talks to buy Riversdale Mining Ltd. for about A$15 a share, the Daily Telegraph in the U.K. reported. Any deal to buy Australia-listed Riversdale, which has coal-mining projects in Africa, isn’t certain to be completed, the newspaper said, citing people familiar with the matter.
Riversdale shares closed at A$14.10 on Dec. 3 in Sydney.
Karen Halbert, a spokeswoman for Rio, said the company doesn’t comment on market speculation. Bill Kemmery, a spokesman for Riversdale at Sydney-based Fortbridge Consulting, declined to comment.
To contact the editor responsible for this story: Angus Whitley at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.